SOCIAL_AFFAIRS_UNIT_MAGAZ - Accounts

For the financial year ended 30 June 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Social Affairs Unit Magazines Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 10 Greenwich Quay, Clarence Road, London, SE8 3EY.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Related parties exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 "The Financial Reporting Standard available in the UK and the Republic of Ireland", not to disclose related party transactions with wholly owned subsidiaries within the group.

The directors have a reasonable expectation that the company has adequate current and future resources and sources of income to continue in operational existence for the foreseeable future. Accordingly, the directors will continue to adopt the going concern basis in preparing the annual report and financial statements.true

Turnover is the amount receivable for the provision of services falling within the company's ordinary activities excluding value added tax and grants receivable from The Social Affairs Unit.

Depreciation is provided in order to write off each asset over its estimated useful life.

The average monthly number of persons (including directors) employed by the company during the year was:

There was no single ultimate controlling party during the year.

The company is included in the consolidated financial statements of The Social Affairs Unit Limited, forming at once the largest and the smallest body of undertakings in which the company forms a part as a direct subsidiary undertakings. The registered office of this company is located at 10 Greenwich Quay Clarence Road, London, SE8 3EY. Accounts for The Social Affairs Unit Limited can be obtained from Companies House.